Illiquidity Risk: A Major Concern for Senior Citizens, According to Radhika Gupta
Monday, 12 August 2024, 04:27
Illiquidity Risk for Senior Citizens
The main problem for senior citizens related to property assets is illiquidity rather than more debt and less equity, said Edelweiss Mutual Fund CEO, Radhika Gupta.
Understanding the Implications
- Illiquidity can hinder cash access during emergencies.
- Financial planning strategies are crucial for addressing these challenges.
- Proactive management of assets can mitigate potential risks.
Conclusion
In summary, as one grows older, it becomes increasingly essential to understand the financial implications of illiquidity. With the right strategies, senior citizens can better navigate their financial landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.